Short answer: Most Australian lenders prefer 3–6 months in your current job before approving a car loan. However, you can still be approved sooner — even if you’ve recently changed jobs, you’re on probation, or you work casual/contract — if you can show stable income and affordability.
This guide explains how lenders assess job changes, what documents help, and the fastest ways to improve your approval odds.
At a glance: minimum employment expectations
| Factor | What lenders look for | How to strengthen your case |
|---|---|---|
| Time in current job | Prefer 3–6 months; can be less with strong support. | Provide contract/offer letter and first payslip. |
| Industry continuity | Moves within the same industry are viewed as lower risk. | Highlight previous roles and tenure in the same field. |
| Income stability | Consistent deposits on bank statements. | Share 3 months of statements + 2–4 recent payslips. |
| Credit behaviour & DTI | On-time repayments; manageable debt-to-income (< ~40%). | Reduce other debts; avoid late payments before applying. |
Can I get a car loan after changing jobs?
- Yes. Lenders focus on your ability to repay. A job change isn’t a deal-breaker if income is stable and the role looks ongoing.
- Same-industry moves (e.g., nurse → nurse) tend to be viewed more positively than complete industry changes.
- Higher income in the new role can offset shorter tenure.
What if I’m on probation?
- Many lenders will consider probationary employees with a job contract/offer letter and at least one payslip.
- Permanent or ongoing contracts are easier than casual, but casual can still be approved with regular hours and consistent deposits.
Casual or contractor income
- Show consistency over time: regular shifts or invoices and steady bank deposits.
- If contracting via ABN, lenders may accept bank statements, invoices or an accountant’s letter in lieu of full financials.
Documents that help approval
- Employment contract or offer letter
- 2–4 recent payslips and 3 months of bank statements
- Photo ID, driver licence and proof of address
- Details of the vehicle (quote, dealer invoice or private sale agreement)
Quick ways to improve your approval odds
- Reduce the loan amount (choose a cheaper car or add a deposit/trade-in).
- Lower your DTI by paying down credit cards/BNPL before applying.
- Add a co-borrower/guarantor with stable income if available.
- Apply via a broker who knows lenders that are flexible on short tenure and probation.
Common mistakes that can hurt approval
- Multiple loan applications in a short time (unnecessary credit enquiries).
- Missing or inconsistent documentation.
- Overstating income or understating expenses.
Next step: Check your car loan eligibility — quick pre-check in under a minute.
New Job Car Loan: Frequently Asked Questions
-
How long do you need to be employed to get a car loan?
Most lenders prefer 3–6 months in your current role; some approve sooner with strong supporting documents. -
Can I get a car loan if I just started a new job?
Yes. Provide your contract/offer letter and at least one payslip; show stable hours and affordability. -
Does probation stop me from getting approved?
Not necessarily. Approval is possible if the role is ongoing and income is consistent. -
Do lenders verify employment?
Usually yes — via employer checks and document review (payslips, contract, bank statements). -
Do I need full-time work?
No. Casual or contract can be considered if your income is consistent and sustainable. -
What boosts my chances quickly?
A deposit/trade-in, smaller loan amount, paying down other debts, and applying through a specialist broker.
DISCLAIMER
The information provided on this website is general in nature only and has been prepared without considering your financial needs, circumstances and objectives and should NOT be construed as financial, taxation or legal advice. For more information, get in touch with our experienced partner brokers today.
